New scheme to help people buy homes with 5% deposit

Rishi Sunak is preparing to announce a new scheme to help home buyers with low deposits (Picture: Getty)A new scheme that will allow people with small deposits to buy a new home is set to be launched in a bid to ‘fire up’ the housing market.
Chancellor Rishi Sunak will unveil a mortgage guarantee scheme in his Budget on Wednesday.
It will provide incentives to lenders to provide mortgages to buyers with just 5% deposits who wish to purchase properties worth up to £600,000.Unlik